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REGISTERED NUMBER: 11477533 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 July 2023

for

Jennings Family Properties Limited

Jennings Family Properties Limited (Registered number: 11477533)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Jennings Family Properties Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: D L Jennings
R M Jennings
L D Jennings





SECRETARY: R M Jennings





REGISTERED OFFICE: 7 Guilford Avenue
Blackpool
FY2 9BG





REGISTERED NUMBER: 11477533 (England and Wales)





ACCOUNTANTS: Thompson Jones Business Solutions Limited
2 Heap Bridge
Bury
Lancashire
BL9 7HR

Jennings Family Properties Limited (Registered number: 11477533)

Balance Sheet
31 July 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 5 52,809 85,269
Investments 6 100 100
Investment property 7 1,850,288 2,004,140
1,903,197 2,089,509

CURRENT ASSETS
Stocks 8 49,316 49,316
Debtors 9 1,849,470 1,470,004
Cash at bank 99,362 201,739
1,998,148 1,721,059
CREDITORS
Amounts falling due within one year 10 (3,845,046 ) (3,795,779 )
NET CURRENT LIABILITIES (1,846,898 ) (2,074,720 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

56,299

14,789

PROVISIONS FOR LIABILITIES (10,000 ) (2,000 )
NET ASSETS 46,299 12,789

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 46,297 12,787
SHAREHOLDERS' FUNDS 46,299 12,789

Jennings Family Properties Limited (Registered number: 11477533)

Balance Sheet - continued
31 July 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 November 2023 and were signed on its behalf by:





D L Jennings - Director


Jennings Family Properties Limited (Registered number: 11477533)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
7 Guildford Avenue
Blackpool
FY2 9BG

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared using the historical cost convention except that as
disclosed in the accounting policies certain items are shown at fair value.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on reducing balance

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

Jennings Family Properties Limited (Registered number: 11477533)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 August 2022 68,595 50,394 8,699 127,688
Additions - 10,616 2,333 12,949
Disposals (35,595 ) (13,404 ) - (48,999 )
At 31 July 2023 33,000 47,606 11,032 91,638
DEPRECIATION
At 1 August 2022 25,036 12,557 4,826 42,419
Charge for year 1,626 4,929 1,532 8,087
Eliminated on disposal (8,297 ) (3,380 ) - (11,677 )
At 31 July 2023 18,365 14,106 6,358 38,829
NET BOOK VALUE
At 31 July 2023 14,635 33,500 4,674 52,809
At 31 July 2022 43,559 37,837 3,873 85,269

6. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
At 1 August 2022
and 31 July 2023 100
NET BOOK VALUE
At 31 July 2023 100
At 31 July 2022 100

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2022 2,004,140
Additions 327,049
Disposals (480,901 )
At 31 July 2023 1,850,288
NET BOOK VALUE
At 31 July 2023 1,850,288
At 31 July 2022 2,004,140

Jennings Family Properties Limited (Registered number: 11477533)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

7. INVESTMENT PROPERTY - continued

The Directors consider the above value to not be materially different to the fair value as at the balance sheet date.

8. STOCKS
2023 2022
£    £   
Stocks 49,316 49,316

9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 4,200 -
Amounts owed by group undertakings 409,467 208,432
Other debtors 1,435,803 1,261,572
1,849,470 1,470,004

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,000 -
Other creditors 17,446 5,912
Directors' current accounts 3,823,545 3,786,896
Accrued expenses 3,055 2,971
3,845,046 3,795,779